because the parties that rely on their work extend beyond the client (often a corporation) who pays them, to the business and financial community, including stockholders, investors, creditors, suppliers, customers, employees, and government regulators
internal audit evidence is all the information the auditor relies on to arrive at any conclusion.
You can find out information on public company audit fees on annual filings prepared by the public company and posted on SEDAR or EDGAR. Alternatively, you can visit theauditorsreport.com and research audit fee data there.
public sector audit is different from private sector audit
What is a social audit?A social audit is the process through which all details of a public scheme are scrutinised by its beneficiaries. A social audit seeks to evaluate how well public resources are being used to meet the real needs of target beneficiaries. The Social Audit Guide is available for download. Further information can be obtained fromhttp://www.tisa.or.ke/website/what-is-a-social-audit.html
The components of the center are the Audit Committee Toolkits (corporate, not-for-profit, and government), Audit Committee Matching System, Audit Committee e-Alerts, and a bank of materials containing information for and about audit committees.
audit files contain information relating primarily to the audit of a current period.
public sector audit is different from private sector audit
audit files contain information relating primarily to the audit of a current period.
The Audit Work Program is used to inform both the government and the public about audits. In Australia, for example, they have the Australian National Audit Office.
compliance audit
Cost audit is done to audit the cost elements of unit costs while in financial audit, audit of financial statements is done to find out information provided is true and fair or not.
A public company auditor, in order to be independent, should not audit its own work (as it would if it provided internal audit outsourcing services, financial information systems design, appraisal or valuation services, actuarial services, or bookkeeping services to an audit client).A public company auditor should not function as part of management or as an employee of the audit client (as it would if it provided human resources services such as recruiting, hiring, and designing compensation packages for the officers, directors, and managers of an audit client).A public company auditor, to be independent, should not act as an advocate of its audit client (as it would if it provided legal and expert services to an audit client in judicial or regulatory proceedings).A public company auditor should not be a promoter of the company's stock or other financial interests (as it would be if it served as a broker-dealer, investment adviser, or investment banker for the company).